Since 2004, HR Policy Association has worked to address the retiree health care
benefit needs of large employers. The Retiree Health Access (RHA®) Coalition is
led by Larry E. Steward, Vice President, Human Resources, DTE Energy. With input
and support of our coalition, we built RHA which includes the following features:
- Full suite of products: group and individual pre- and post-65 plans, guarantee issue
and fully insured with or without an employer subsidy or defined contribution
- Pre-65 individual products, multi-carrier, available January, 2014 as post ACA insurance
reforms are implemented; ability to navigate early retirees into new state or federal
exchanges for those qualifying for a subsidy
- Offering vision, dental, and life products, as well, mitigating the burden on HR
staffs for all retiree benefits
- Consultative approach and unbiased financial analysis to help the employer decide
on plan options, funding alternatives, transition and timing to honor all retiree
populations and legacy commitments
- Allowing employers to reduce and manage their entire retiree medical liability through
various funding alternatives and get tax advantaged benefits
- Providing retirees with a guided shopping experience to help retirees select the
benefit and care management package that best meets their individual needs
The group products are ERISA-based plans. Because of the unique pooling features
of the group product portfolio, Coalition members selecting these options have experienced
relatively stable premiums during the life of the program. Over the past six years,
annual premium increases for the group product risk pool have averaged just 3.0%
per year. All group plan coverage options are exclusively underwritten by Aetna
through an agreement with the Health Care Policy Roundtable.
The RHA also offers an array of competing carriers offering individual post-65 policies.
Retirees can shop and compare the individual marketplace and choose a plan that
best meets their needs. Unlike other retiree exchange solutions, employers can offer
both group and individual guaranteed issue product options pre - and post - 65 to
best meet the needs of their retirees while honoring legacy contractual commitments
et. RHA is also equipped to navigate early retirees and dependents into new state
or federal exchanges for those who qualify for subsidies.
Employers seeking a solution for early retirees while the pre-65 individual retiree
market “matures” can do so through optional fully-insured, guaranteed issue group
coverage options underwritten by Aetna.
If you would like additional information, please contact the Health Care Policy
Roundtable at (202) 408-9740.